Release date: 27 October 2008
Promoter – Financial Intermediary
A number of small Italian cooperative banks including Banca di Cividale and Banca Etruria. The list is subject to changes and will be updated as soon as further intermediaries are included.
Location
Description
Line of credit to a number of small cooperative banks to finance eligible projects of SMEs in Italy.
Objectives
The facility will be fully dedicated to investments by SMEs with a particular focus on those with staff of less than 50. Part of the EIB funds may be allocated in convergence regions of Community interest.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.
Procurement
The borrowers will be requested to ensure compliance of projects financed under the line of credit with applicable national and EU legislation.
Status
Signed - 9/01/2009